Economy Update with Stephen Petith - Week 79

Welcome to the Global Wealth Club podcast with Stephen Petith with special host Travis Carter! In this episode, we dive into a wide range of compelling topics that have been making waves in the world of finance and economics. Join us as we explore the pressing issues affecting both the Australian and global economies, providing insightful analysis and thought-provoking discussions.In the Australian segment, we shed light on the controversial Ben Roberts Smith case, which has ignited a passionate debate about the treatment of veterans in the country. We question the motivations behind serving one's nation and delve into the repercussions of this case on the wider veteran community. Additionally, we examine the state government's move to enforce land development by compelling councils, effectively challenging the NIMBY (Not In My Backyard) movement. Will this legislation pave the way for progress or face resistance?Another focal point of this episode revolves around the emerging battle between employers and workers in the context of remote work. We discuss the recent decision of Commbank to order employees back to the office and analyze the contrasting opinions on remote work, including Elon Musk's controversial claim that it is immoral. The implications of this ongoing clash between the traditional office setting and the growing trend of working from home are explored in depth.Moreover, we dive into the concept of Universal Basic Income, a topic that has garnered significant attention worldwide. As conversations surrounding this policy intensify, we dissect the pros and cons of implementing a Universal Basic Income and examine its potential impact on society and the economy.Shifting gears to the global economy, we closely monitor the developments surrounding former US President Donald Trump. With fresh indictments and skyrocketing fundraising, we provide a comprehensive Trump Watch update, analyzing the implications for both political and economic landscapes.Additionally, we delve into the phenomenon of major cities experiencing a "doom loop" as a result of the work-from-home trend. Drawing particular attention to New York, we explore the cascading effects of empty office towers, including the shutdown of small businesses, diminished services, and the subsequent exodus of residents.Join Stephen Petith and the Global Wealth Club as we dissect these captivating topics, providing deep insights and fostering stimulating conversations. Tune in to gain a comprehensive understanding of the economic dynamics shaping our world today.If you want more information about any of these topics please feel free to follow Global Wealth Club on all social media platforms or send us an email to [e-mail]